HEG Limited has informed the Exchange regarding 'Notice of meetings of equity shareholders of Bhilwara Energy Limited, ( TransferorCompany ) convened pursuant to the directions of the Hon'ble National Company LawTribunal, Indore Bench ( Tribunal )'.
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HEG Limited has informed the exchanges about a meeting of equity shareholders of Bhilwara Energy Limited (the Transferor Company) being held pursuant to an order from the NCLT Indore Bench dated 26 March 2026. The meeting is part of a Composite Scheme of Arrangement among HEG Limited, HEG Graphite Limited, Bhilwara Energy Limited and their respective shareholders and creditors, filed under Sections 230-232 of the Companies Act, 2013. The shareholders' meeting is scheduled for Tuesday, 5 May 2026 at 5:30 PM, to be conducted via video conferencing. The e-voting window runs from 1 May 2026 (9:00 AM) to 4 May 2026 (5:00 PM), with a cut-off date of 28 April 2026. The notice and scheme documents have been hosted on the websites of both Bhilwara Energy and HEG Limited for shareholders to review.
This is a procedural milestone in an ongoing group-level restructuring involving the LNJ Bhilwara Group companies. Approval by Bhilwara Energy's shareholders is a key step before the scheme can progress further at the NCLT, and HEG shareholders can expect a similar NCLT-convened meeting in due course. The stock is unlikely to move sharply on this procedural update, but a rejection of the scheme could derail the broader restructuring plan.